Yes Sir, It can be, if it is a Running Triangle we should be ready with our Trailing SL and surely it will take support on Support Trend Line. If it’s EDT then it will break fiercely and give it’s target.
@piyush0605, SIR YOU HAVE TO WATCH OUT FOR OTHER STOCKS TOO WHICH IS INCLUDED IN NIFTY PHARMA INDEX THEN YOU WILL GET THE ANSWER. IT WORKS MOST OF THE TIME. SOMETIMES NOT BUT MOST OF THE TIME IT WORKS.